Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC lowered its position in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 33.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 731,712 shares of the oil and gas producer's stock after selling 360,332 shares during the quarter. Cbre Investment Management Listed Real Assets LLC's holdings in Enterprise Products Partners were worth $22,946,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Verity & Verity LLC boosted its holdings in Enterprise Products Partners by 30.8% in the fourth quarter. Verity & Verity LLC now owns 110,648 shares of the oil and gas producer's stock valued at $3,470,000 after acquiring an additional 26,032 shares during the last quarter. Spinnaker Trust acquired a new position in shares of Enterprise Products Partners during the fourth quarter worth about $280,000. FourThought Financial Partners LLC lifted its stake in shares of Enterprise Products Partners by 18.5% during the fourth quarter. FourThought Financial Partners LLC now owns 140,532 shares of the oil and gas producer's stock worth $4,407,000 after purchasing an additional 21,970 shares in the last quarter. Paragon Advisors LLC acquired a new position in shares of Enterprise Products Partners during the third quarter worth about $2,628,000. Finally, FMR LLC lifted its stake in shares of Enterprise Products Partners by 9.3% during the third quarter. FMR LLC now owns 14,429,298 shares of the oil and gas producer's stock worth $420,037,000 after purchasing an additional 1,225,988 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

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Enterprise Products Partners Stock Performance

EPD stock traded up $0.68 during midday trading on Friday, reaching $33.43. The company had a trading volume of 6,028,329 shares, compared to its average volume of 4,889,962. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The stock has a 50 day moving average price of $33.06 and a 200 day moving average price of $31.24. Enterprise Products Partners L.P. has a fifty-two week low of $27.37 and a fifty-two week high of $34.63. The firm has a market capitalization of $72.40 billion, a PE ratio of 12.43, a P/E/G ratio of 1.37 and a beta of 1.08.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its earnings results on Tuesday, February 4th. The oil and gas producer reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. Enterprise Products Partners's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 earnings per share. Analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.535 per share. The ex-dividend date of this dividend was Friday, January 31st. This is an increase from Enterprise Products Partners's previous quarterly dividend of $0.53. This represents a $2.14 annualized dividend and a dividend yield of 6.40%. Enterprise Products Partners's payout ratio is currently 79.55%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on EPD shares. Truist Financial boosted their price objective on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Scotiabank boosted their price objective on Enterprise Products Partners from $33.00 to $35.00 and gave the stock a "sector perform" rating in a research note on Thursday. Citigroup restated a "buy" rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. Wells Fargo & Company lowered Enterprise Products Partners from an "overweight" rating to an "equal weight" rating and set a $35.00 target price on the stock. in a research report on Wednesday, December 18th. Finally, Wolfe Research lowered Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 10th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Enterprise Products Partners has a consensus rating of "Moderate Buy" and an average price target of $34.90.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.